mHUB
AcceleratorChicago · Pre-Seed–Seed · 35 people tracked
Not to be confused with mHUB (Accelerator · Chicago, US)
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Investment thesis
mHUB Ventures focuses on closing the capital gap in hardtech by investing at the pre-seed stage, before technical risk has been reduced. It targets companies building physical-world technologies across three sectors: energy (renewables, hydrogen, carbon capture, batteries), medtech (medicine delivery, remote monitoring, diagnostics, connected devices), and smart/sustainable manufacturing (industrial tech, predictive maintenance, robotics, automation). Investments run through the Spark Fund I and Spark Fund II, and every portfolio company enters a six-month accelerator emphasizing prototyping, pilot deployment, and supply-chain management. The firm supplements capital with engineering resources, over $6M in prototyping equipment, corporate pilot partners, fundraising support, and mentorship to move technologies from prototype to commercial adoption.
Source: firm website, verified Sep 26, 2026.
Team · 35 people
from the firm's website & curatedFounder mafia
5 people who came through mHUB went on to found or lead other companies.
What they invest in
from 4 of 7 portfolio companiesAdvanced Manufacturing ×2Hardware ×2Cleantech ×1Deep Tech ×1Enterprise Software ×1Healthtech ×1IoT ×1New Materials ×1
HQs:United States×3
Portfolio companies · 7 tracked
alumni founders can tell you what the program is really likeGrapherry produces scalable graphene and graphene oxide derived from waste carbon for industrial use across energy, construction, composites, and agriculture.
Advanced ManufacturingCleantechNew Materials
Kwema makes a smart badge reel with a discreet duress button that lets employees call for help, plus an emergency response system that automates roll call during evacuations.
Enterprise SoftwareHardwareIoT
Carmina Santamaria(Founder)in
Co-investorsCapital Innovators
Chicago-based medical device company developing the SmartShunt smart electromechanical shunt system for hydrocephalus.
HealthtechChicago, US
Tyler Wanke(Executive Officer, Director)inBermans Iskandar(Director)Joshua Medow(Executive Officer, Director)
BoardJoshua Carson(Director)inJohn Slump(Director)
Co-investorsIllinois VenturesEndeavor Health Ventures
Little Canada, US
Jacob Balma(Executive Officer, Director, Promoter)inAlejandro Rodriguez(Executive Officer)inMichael Karpe(Executive Officer)Joseph Kenneth Balma(Director, Promoter)
BoardNick Swenson(Director)Gary Burandt(Director)
Co-investorsGROOVE CAPITALMonozukuri Ventures
mHUB is a hardtech innovation center offering prototyping labs, a startup incubator and accelerator, R&D services, and corporate innovation and venture capital programs.
Advanced ManufacturingDeep TechHardwareChicago, US
Bill Fienup(Founder)in
Co-investorsHyde Park Angels
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
coursesSandbox Carbon
Frequently asked questions
- How many investments has mHUB made?
- mHUB has 7 tracked investments.
- What stage does mHUB invest at?
- mHUB invests at the Pre-Seed, Seed stages.
- What is mHUB's typical check size?
- mHUB typically writes checks of $200K.
- What sectors does mHUB focus on?
- mHUB focuses on Advanced Manufacturing, Deep Tech, Energy, Hardware, IoT, Medical Devices.
- Where is mHUB located?
- mHUB is headquartered in Chicago, US.
- Does mHUB lead rounds?
- mHUB typically participates in rounds rather than leading them.
- Who does mHUB co-invest with?
- mHUB most often shares deals with Capital Innovators, GROOVE CAPITAL, Illinois Ventures, among 4 tracked co-investors.
Media · Podcasts & interviews
featuring the teamBill Fienup- Director of Innovation Services & Co-Founder, mHub
Bill Fienup · vimeo.com
NOAH System | Lead-Free Water Made Easy
mHUB
2026 mHUB & Current Water Tech Demo Day
mHUB
mHUB Industry Disruptors featuring serial entrepreneur Kristi Ross
mHUB
mHUB HardTech Summit | Rising Star Pitch Competition
mHUB
2026 mHUB HardTech Summit | Medical Moonshots in the Machine Age
mHUB
Images
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